Mr. Speaker, in less than two years, the Prime Minister has turned a Conservative balanced budget into decades of Liberal deficits.

Leaving my kids with his credit card bill is bad enough, but now the Bank of Canada has indicated it might raise interest rates soon, something the U.S. has already done. Raising the interest rates by just a quarter point would mean at least a billion dollars in new interest charges.

Could the Prime Minister explain what new tax hikes he is planning or which programs he is going to cut to pay back all the Liberal debt?